TORONTO, Dec. 12, 2019 /CNW/ - RBC Royal Bank
announced today that it is increasing rates on new residential
mortgage special offers effective December
17, 2019.
The changes are as follows:
|
Special Offer
Rates*
|
|
|
|
|
|
|
Three-year fixed
closed
|
3.24 per
cent
|
(increased by 0.10
per cent)
|
|
Four-year fixed
closed
|
3.24 per
cent
|
(increased by 0.20
per cent)
|
|
Five-year fixed
closed
|
3.24 per
cent
|
(increased by 0.20
per cent)
|
"We consider a number of factors when making changes to mortgage
rates, including our funding costs and market conditions. Based on
current conditions, our rates reflect the right balance between our
clients' expectations and our costs of funding mortgages," said
Mary Ellen Brown, Senior
Vice-President, Home Equity Financing, RBC. "We continue to operate
in a low-rate environment, and are committed to helping clients
understand the full cost of home ownership. We encourage homebuyers
to do their homework, take the time to know what's right for them
when it comes to buying a home, and call or meet with us should
they have any questions."
* The rates indicated are special discounted rates and are not
the posted rates of Royal Bank of Canada. To calculate a rate discount compare
the Special Offer rate against the posted rate for the applicable
term.
Special Offers may be changed, withdrawn or extended at any
time, without notice. Not available in combination with any other
rate discounts, offers or promotions.
SOURCE RBC Royal Bank